Financial system/Timelines: Difference between revisions
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* 1933 [[New Deal]]<br>US Glass-Steagall Act - created the Federal Deposit Insurance Corporation[http://www.fdic.gov/about/history/index.html]. Separated commercial banking from investment banking.[[http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html] | * 1933 [[New Deal]]<br>US Glass-Steagall Act - created the Federal Deposit Insurance Corporation[http://www.fdic.gov/about/history/index.html]. Separated commercial banking from investment banking.[[http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html] | ||
* 1980 US Depository Institutions Deregulation and Monetary Control Act | * 1980 US Depository Institutions Deregulation and Monetary Control Act[http://www.bos.frb.org/about/pubs/deposito.pdf] | ||
* 1986 UK Building Societies Act [http://www.legislation.gov.uk/RevisedStatutes/Acts/ukpga/1986/cukpga_19860053_en_1][http://www.bsa.org.uk/policy/policyissues/constandcorpgov/nature.htm] | * 1986 UK Building Societies Act [http://www.legislation.gov.uk/RevisedStatutes/Acts/ukpga/1986/cukpga_19860053_en_1][http://www.bsa.org.uk/policy/policyissues/constandcorpgov/nature.htm] | ||
Revision as of 14:54, 9 June 2009
- 1244 Genoa's Leccacorvo bank[1]
- 1609 Amsterdam Wisselbank founded[2] - the first central bank.
- 1637 Dutch tulip bubble[3]
- 1694 Formation of the Bank of England[4]
- 1720 South Sea Bubble[5]
- 1864 US National Bank Act - established a national banking system and the chartering of national banks.
- 1866 Overend and Gurney bank rescued[[6]
- 1890 Barings bank rescued
- 1913 US Federal Reserve Act - established the Federal Reserve System [7]
- 1929 Crash of 2009
- 1930 Great Depression
- 1933 New Deal
US Glass-Steagall Act - created the Federal Deposit Insurance Corporation[8]. Separated commercial banking from investment banking.[[9]
- 1980 US Depository Institutions Deregulation and Monetary Control Act[10]
- 1987 Global stock market crash[13]
- 1989 LTCM hedge fund rescued[14]
- 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.
- 2008 Crash of 2008
- 2009 Recession of 2009